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Upon review of Take a Hikes Statement of Cash Flows, the following was noted: Cash Flows from Operating Activities $5,000 Cash Flows from Investing Activities

Upon review of Take a Hikes Statement of Cash Flows, the following was noted:

Cash Flows from Operating Activities

$5,000

Cash Flows from Investing Activities

$15,000

Cash Flows from Financing Activities

($19,000)

From this information, the most likely explanation is that Take a Hike is

A.

using cash from operations to purchase long-term assets and pay dividends.

B.

issuing stock to fund operations and purchase long-term assets.

C.

assuming long term-debt to fund operations and purchase long-term assets.

D.

using cash from operations and issuing common stock to purchase long-term assets.

E.

using cash from operations and selling long-term assets to pay back long-term debt.

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